Allstate Corp purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,176 shares of the scientific and technical instruments company's stock, valued at approximately $507,000.
Other hedge funds have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble during the fourth quarter worth approximately $36,000. TD Private Client Wealth LLC raised its stake in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock valued at $37,000 after buying an additional 520 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.
Trimble Stock Performance
Shares of NASDAQ:TRMB traded down $3.77 on Friday, reaching $56.51. 1,922,279 shares of the company's stock were exchanged, compared to its average volume of 1,377,255. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a fifty day moving average of $70.76 and a 200-day moving average of $69.22. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.
Insider Activity at Trimble
In other news, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,421 shares of company stock worth $831,683. Company insiders own 0.47% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on TRMB. Piper Sandler restated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. Finally, Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $86.00.
Get Our Latest Report on TRMB
Trimble Company Profile
(
Free Report)
Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.
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